[LOGO] THE FIRST AUSTRALIA PRIME INCOME FUND, INC.
THE FIRST AUSTRALIA FUND, INC. [LOGO]
[LOGO] THE FIRST COMMONWEALTH FUND, INC.
ACQUISITION OF EQUITILINK GROUP
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The EquitiLink Group is being acquired by Aberdeen Asset Management, PLC
[LOGOS OF EACH FUND]
ABERDEEN
A GLOBAL ASSET MANAGER
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o Aberdeen is a publicly listed UK company
o Presence in the UK, US, Ireland, Singapore, Luxembourg, Middle East and
Hong Kong
o Assets under management of US$40 billion*
*As at October 30, 2000
ABERDEEN
A GLOBAL INVESTMENT SPECIALIST
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o Excellent track record in product performance and innovation
o One of the largest closed-end fund managers in the UK
o Depth of expertise in Asian financial markets
NEW MANAGEMENT & ADVISORY
CONTRACTS
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o Shareholders to approve new management and advisory contracts
o New contracts to be substantially the same
o No change in rates of management and advisory fees
ABERDEEN OFFERS STABILITY AND
CONTINUITY
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o Continuity of investment team
o Continuity of investment philosophy and process
BENEFITS TO SHAREHOLDERS
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The Aberdeen Group brings long-term commitment
Extensive experience managing closed-end funds
Expertise in Asia plus global capabilities
RECOMMENDATION
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Your Fund's Board of Directors
recommends that you vote "FOR" the
new advisory and management
contracts